On this website, you will find information about Hoolsema & Company, LLC, including our list of services. We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites. Hoolsema & Company, LLC is one of the leading firms in and throughout Hudsonville, MI.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.
Services
For 23 years, Hoolsema & Company, LLC CPA has been providing quality, personalized financial guidance to local individuals and businesses.
Our expertise ranges from basic tax management and accounting services to more in-depth services such as financial statements and financial planning.
Unfortunately, We have to announce that Hoolsema & Company will no longer be offering 1040 personal income tax preparation services.
Hoolsema & Company, LLC CPA appreciates you visiting our site today.
Our mission is to help clients maintain financial viability in the present, while taking a proactive approach to achieve future goals.
Our expertise ranges from basic tax management and accounting services to more in-depth services such as financial statements and financial planning.
Unfortunately, We have to announce that Hoolsema & Company will no longer be offering 1040 personal income tax preparation services.
Hoolsema & Company, LLC CPA appreciates you visiting our site today.
Our mission is to help clients maintain financial viability in the present, while taking a proactive approach to achieve future goals.
Welcome-and begin your journey with us to financial Peace & Stability based on Biblical Principles.
Welcome to Hoolsema & Company, LLC CPA home page on the world wide web.
Thank you for visiting our site.
We hope the information here is useful and informative.
We are dedicated to servicing small to medium sized companies from diverse industries in the Western Michigan area.
If you need client services please call us at 616-457-1040 for a consultation.
We are glad you had a chance to visit us today and look forward to hearing from you.
Welcome to Hoolsema & Company, LLC CPA home page on the world wide web.
Thank you for visiting our site.
We hope the information here is useful and informative.
We are dedicated to servicing small to medium sized companies from diverse industries in the Western Michigan area.
If you need client services please call us at 616-457-1040 for a consultation.
We are glad you had a chance to visit us today and look forward to hearing from you.
Have you just started a new business?
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Following are some generally recognized financial planning tools that may help you reduce your tax bill.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
It's possible there could be additional extensions, so check with your tax advisor for the latest information.
Individuals must pay the third installment of 2021 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Calendar-year corporations need to pay the third installment of 2021 estimated income taxes.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
Individuals must pay the third installment of 2021 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Calendar-year corporations need to pay the third installment of 2021 estimated income taxes.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
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